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Depreciation

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(Querist)
18 February 2019 Hi Folks,
Good afternoon!
INVOICE DATED 15.4.18
EQUIPMENTS DELIVERED 31.5.18
INVOICE RECEIVED 15.9.18
So my question is depreciation should be charged from 31.5.18?AM I Right..... or If m wrong please Correct me where m getting wrong...

Thanks and Regards
Nikhil
Learner
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RAJA P M

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RAJA P M (Expert)
18 February 2019 Yes... You are exactly correct... If You are asking about CA then You can provide depreciation from 31.05.18.(from the date of production).
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
18 February 2019 You can charge Depreciation from the date of use of Machinery, you can charge Depreciation from. May



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nikhil bhudolia

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nikhil bhudolia (Querist)
19 February 2019 THANK YOU KAVI SIR & RAJA SIR
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RAJA P M

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RAJA P M (Expert)
19 February 2019 You are most welcome Mr. Nikhil

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